25 Devastating Effects Of Climate Change
Melting Arctic Ice
Melting Arctic Ice

NASA

The world is getting warmer and that's already causing disasters that will devastate lives and cost hundreds of billions of dollars.

Those problems are only getting worse, as shown by recent reports from the United Nation's Intergovernmental Panel On Climate Change (IPCC) and the White House, among others.

The greenhouse gas emissions that drive warming "now substantially exceed the highest concentrations recorded in ice cores during the past 800,000 years," the IPCC said. Atmospheric carbon dioxide levels, which primarily come from the burning of fossil fuels, have risen 40% since preindustrial times.

Last month, world leaders convened at the UN Climate Summit 2014 to discuss plans to reduce carbon emissions — though there were some notable absences. Most attendees recognized that failure to address these issues could spell terrible consequences for people all over the world.

We've gathered some of those terrible consequences of climate change below.

Unless otherwise noted, each effect assumes a temperature rise of 2 degrees Celsius (3.6 F) by 2100, a number the IPCC has suggested we are "more likely than not" to exceed, and a sea level rise of 0.5 meters (1.5 feet) by 2100, about the average of all the IPCC's most recent climate scenarios. This is a conservative estimate — other studies predict significantly more sea level rise.

1. Climate change will cost hundreds of billions of dollars a year.

Asset destruction, forced relocations, droughts, extinctions, and all of the other bad things we're going to discuss will add up in costs to the global economy. Already the Natural Resources Defense Council estimates that the US Climate Disruption Budget — i.e., stuff related to drought, storms, and growing climate disruptions — was nearly $100 billion. And that's just the start.

By 2030, climate change costs are projected to cost the global economy $700 billion annually, according to the Climate Vulnerability Monitor.

As climate change continues, costs will go up. Indeed, the release of a 50-billion-ton reservoir of methane from melting Arctic ice, which may advance global warming by 15-to-35 years, could by itself cost $60 trillion to the global economy, researchers told Nature last summer.

Stopping the damage won't be cheap either. For instance, putting the world on a path for sustainable energy production will cost $53 trillion, according to the International Energy Agency's World Energy Investment Outlook.

But in the long run, these investments could wind up saving money, says a new report from The Global Commission on the Economy and Climate. By spending money now on measures like green infrastructure, governments can save themselves the money that would otherwise be spent on damages caused by climate change in the future.